The Leading Economic Index suggests that this period of slower growth will probably continue for the next few months.
More Quotes from Ken Goldstein:
The Conference Board's latest help-wanted index, also released on Thursday, contributed to the tepid mood. The index fell a point to 37 from 38 in July. Help-wanted advertising volume has pretty much remained unchanged during the past six months. Overall economic momentum is no longer firing on all cylinders, ... And hiring intentions this summer are suggestive that companies may not increase hiring until the economy regains more solid footing.Ken Goldstein
The performance of the leading index is suggestive of continued momentum or growth in the spring.
Ken Goldstein
The September data indicate a general weakening in the job picture nationwide -- a trend we were seeing before the recent hurricanes, ... That data is consistent with the latest CEO Confidence Survey, which is also down.
Ken Goldstein
Consumer sentiment about job prospects over the next six months dipped in January. Thus, not only are the indicators suggesting modest gains in hiring, but consumers also do not think more new jobs will start opening up this spring.
Ken Goldstein
The Leading Economic Indicators have been anything but consistent -- flat to declining from July through September, and recovering in October and November.
Ken Goldstein
This is not a party-line vote, either. Groups on the left and the right are joined together in fighting this attack on the first amendment.
Ken Goldstein
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